ROCKY HUFFMAN

Banking on Wachovia As a Bailout Trade

I hope Mike Havrilla is correct. I purchased an extremely large position in Wachovia at 2:45 Friday afternoon. Odds are after the announcement of a deal in principal this morning and the vote scheduled for the House tomorrow and perhaps the Senate later in the day or Tuesday I believe a strong openining is more than likely. It will initally be fueled by the people holding the many puts purchased during the day on Friday. It closed at $10.00 but traded down in the mid $8 range after hours on a insignifcant volume.